At the age of 26 I decided to quit finance and start my own business. By 2004, I’d started an heir hunting company called Kin and we traced heirs all over the world to unclaimed inheritance. By 2005 I’d started to buy property and in December 2008 I bought an apartment from Barratt who were struggling to sell stock due to the credit crisis. Everyone said the market was a mess and I would lose all my money so I figured confidence couldn’t be any lower and I went back for another.
Two years later my equity in both apartments had tripled and I began to think about the potential of property. By this time the team at Kin had grown to over 40 researchers and ex-policemen but the increased efficiency of the internet made the work too easy and too competitive. With all the inheritance that was due to be paid to our clients over the proceeding years, we had a valuable debtors book and a steady source of capital and I began buying property with a JV partner. We successfully picked Reading and in 2012 over an 18 month period I built a substantial HMO portfolio. In 2014, following the announcement to extend Crossrail, Reading became very popular and our portfolio delivered yields and capital gains, something that’s usually very difficult to combine. Whilst building the portfolio and since then, I have project managed the renovation of a number of multi-million pound houses in London, often adding basements and continue to do so whilst building my network.
PPN Knightsbridge offers the opportunity to meet lots of new people and I’m looking forward to greeting you.
– Matthew Siddell